1. JSH 500US$ +0.080
2. GLP +0.030
3. ComfortDelGro +0.010
The top 5 loser component stocks were :-
1. Jardine C&C -0.300
2. JMH 400US$ -0.260
3. CityDev -0.220
4. DBS -0.180
5. SGX -0.090
US markets fell at least 1% last Friday as worries on slow economy growth weighed on investors. Asian bourses taking the cue were mostly down for the day. Nikkei closed -0.70%, SSE -0.18% and HSI +0.39%. STI fell 0.63% in line with other regional bourses with only 3 of the index stocks managed to register positive closing. Bank and Property stocks were under selling pressure with concern of oversupply of properties which in turn hurt banks' revenue. Investors are awaiting for tomorrow China inflation data. Most expected to be slightly higher than previous month and China Central Bank will do one more rate hike as it tries to bring inflation under control. European bourses after last Friday selling down were flat as they are awaiting for the outcome of Greece second bailout. Will a compromise solution be met between ECB and Germany with the bailout ?
STI at the moment is supported at 3,040 with resistance cap at 3,120. Should 3,040 be able to hold up within these 2 weeks, market should have bottomed and posed for a rebound.
